---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035207"
form_type: "8-K"
ticker: "RICK"
cik: "0000935419"
company_name: "RCI HOSPITALITY HOLDINGS, INC."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:31:19.754091+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# RCI modifies $15.7M debt, extends maturities to free cash for share buybacks

## Summary
- Extended maturity on $15.7M in notes: $9.1M interest-only due Oct 2026, $6.6M amortizing due Nov 2027.
- Terms unchanged: 12% unsecured; original notes due Oct 2024; 26 investors participated.
- CEO: Using cash to buy back shares 'highly favorable versus after-tax interest rate on debt'.
- Original $7.5M principal reduced to $6.6M via cancellation; no other term changes.
- Modification frees cash for share buybacks; press release issued October 26, 2023.

## SEC filing metadata
- accession: 0001628280-23-035207
- form_type: 8-K
- ticker: RICK
- cik: 0000935419
- company_name: RCI HOSPITALITY HOLDINGS, INC.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/935419/000162828023035207/0001628280-23-035207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/935419/000162828023035207/rick-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035207
- JSON: https://secwatch.observer/filing/0001628280-23-035207.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035207.txt

## Key facts
- Debt Financings
  RCI HOSPITALITY HOLDINGS, INC. amended loan of $15,720,578 aggregated unsecured promissory notes; $9,100,000 payable interest-only; $6,620,578 payable monthly with 10- with 26 investors at 12% per annum maturing $9,100,000 notes mature October 1, 2026; $6,620,578 notes mature November 1, 2027.
  - Instrument: loan
  - Principal: $15,720,578 aggregated unsecured promissory notes; $9,100,000 payable interest-only; $6,620,578 payable monthly with 10-
  - Counterparty: 26 investors
  - Rate: 12% per annum
  - Maturity: $9,100,000 notes mature October 1, 2026; $6,620,578 notes mature November 1, 2027
  - Event: amendment
  source text: On October 25, 2023, RCI Hospitality Holdings, Inc. ("we," "us" and "our") entered into a debt modification transaction under which 26 investors holding a total principal amount of $15,720,578 in unsecured promissory notes agreed to extend the maturity dates of such notes (as described below), with no other changes to the terms and conditions of the original promissory notes, which original promissory notes were issued in October 2021 and had original maturity dates in October 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/935419/000162828023035207/0001628280-23-035207-index.htm
- Material Agreements
  RCI HOSPITALITY HOLDINGS, INC. terminated Original Unsecured Promissory Notes (October 2021) with 26 investors valued at $15,720,578 (original principal), with $7,500,000 for certain notes (effective 2023-10-31).
  - Action: termination
  - Agreement: notes offering
  - Counterparty: 26 investors
  - Value: $15,720,578 (original principal), with $7,500,000 for certain notes
  - Effective: 2023-10-31
  source text: (“we,” “us” and “our”) entered into a debt modification transaction under which 26 investors holding a total principal amount of $15,720,578 in unsecured promissory notes agreed to extend the maturity dates of such notes (as described below), with no other changes to the terms and conditions of the original promissory notes, which original promissory notes were issued in October 2021 and had original maturity dates in October 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/935419/000162828023035207/0001628280-23-035207-index.htm
- Material Agreements
  RCI HOSPITALITY HOLDINGS, INC. entered into Amended and Restated Promissory Notes with 26 investors valued at $15,720,578 (effective 2023-11-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: 26 investors
  - Value: $15,720,578
  - Effective: 2023-11-01
  source text: On October 25, 2023, RCI Hospitality Holdings, Inc. (“we,” “us” and “our”) entered into a debt modification transaction under which 26 investors holding a total principal amount of $15,720,578 in unsecured promissory notes agreed to extend the maturity dates of such notes (as described below), with no other changes to the terms and conditions of the original promissory notes, which original promissory notes were issued in October 2021 and had original maturity dates in October 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/935419/000162828023035207/0001628280-23-035207-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.